80% of ICOs are Scams

[Bytem3]

A lot of these scam ICOs died during this bear market. It's a good thing that it happened to get rid of the bad ICOs. Hopefully crypto market can continue to grow strong!

There were very few altcoins that were holding well during the bear market, one of them was for sure Binance Coin.

[Wolfwar]

actually I would not say so categorically about 80% of fraud in the company's ico. The fact is that many projects do not have a good development because of the poor state of the market and because of the bad team.

[Xomukiw]

I don't believe that 80% of ICOs are tricks. You have to break down them first before joining an ICO. Furthermore, not all ICOs will succeed. Consequently, you must be shrewd while picking your own ICOs keeping in mind the end goal to contribute. There are many fizzle ICOs out there and individuals continue saying that they are con artists. That isn't right. Come up short does not mean they are And how could you realize that this number is reality? I don't feel that it is truly happening. I have put resources into a great deal of ICO ventures, none of them has defrauded me, and just a couple of them are underneath ico cost at this momentscammers

[alina_2001_12_01]

It's the same story, but with different numbers. I sometimes think that you give such names to the topics, so that they are read more often. Or we just don't see these 80% because they are all blocked by legal systems, or it's a lie.

[Thai19]

I was startled! with a rate of 80% island fire according to your citation. But that number is scary. I think that's true for Altcoins projects.

[Remat34]

For me, the article to a an appreciable extent defines the problem we are having lately with different icos.

Thou, all of the details may not be objective enough, I believe it's insightful to guide people's involvement in ICO.

[RushKing]

Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272

I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share

Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”

"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”


DYOR people ...

I think the reason why the ICO is scam is because of the price of the bitcoin. I noticed that the last year, almost all of the ICO is successful unlike todays year.

[kalashnikovski]

The investors want have more opening from ICO. For example juristic documents. So situation becoming to change in the best side.

[Classroom404]

80% of ice being a scam I would say that is a totally wrong assumption with no really fact on the survey that made you come up with the conclusion probably you have engaged in far too many failed project,  all you need do is work on your selection process before engaging in any ico

[kaltar]

It is obvious that the probability of facing a scam among ICO is very high and each investor needs to spend a lot of time analyzing the upcoming projects to choose something good. But I believe that strict regulation of this sphere will begin soon and the level of investment risk will be reduced several times.

[cuo]

so many investor not satified to ICO project, I see too many ICO project right now and make confuse investors. in other side, token from ICO project the price almost all down when enter to exchange, hope we can see green market just like the end of the last year 2017. that's very great moment!

[GodHatesFigs]

Even more than 90% of projects will not be in demand in the future and will simply die. So time takes its investments very seriously.

[Arphaxat]

I agree that many ICO projects are a scam, because people try to launch any idea, but do not think about the consequences, about its future.

[craked5]

Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272

I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share

Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.”

"Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.”


DYOR people ...

if any ICO tell you that their price will grow immediately after ICO ends and give you even numbers, 99% that this is scam. read whitepapers, ask questions in their channels and study the projects. that could protect your money.

[Dump3er]

so many investor not satified to ICO project, I see too many ICO project right now and make confuse investors. in other side, token from ICO project the price almost all down when enter to exchange, hope we can see green market just like the end of the last year 2017. that's very great moment!

What does satisfaction even mean? For most investors that is only if their value of the invested money goes up. They don't care whether the technology is good or not.

[Suares02man]

These are just numbers, for example, if I invested $ 200 in Bitconnect, Cointroops, EOS, Sharpey, then I would remain in a significant plus, although 80% turned out to be fraud, other projects would cover all losses.

[viperzero]

A lot of scammers created ICO projects in order to get fast big money because there is no responsibility for deceived investors here. I really want to believe that this situation will improve someday.

[admtall]

In my opinion almost all ICO are SCAM. In the current market situation, good projects are an exception to the rules and quite rare.

[MWesterweele]

These are just numbers, for example, if I invested $ 200 in Bitconnect, Cointroops, EOS, Sharpey, then I would remain in a significant plus, although 80% turned out to be fraud, other projects would cover all losses.

If there's 80% of ICO are scams then is better to be extra careful of choosing ICO because there's more chances you might get scam than finding a good one. So i think choose the best ICO by having a research and analyze all the details or information about it to avoid scam ICO. And since more scam ICO but few good ICO i think its time to have regulation in ICO before it launch to lessen the scam ICO and to reduce the people who get scam.

[gorodskoi]

Now is not the best time for ICO.  A lot of scam companies, a lot of companies that do not reach soft cap.